INSUBCONTINENT EXCLUSIVE:
Online advertising rivals Taboola and Outbrain have announced that they will form a single company to take on the likes of Facebook and
Google.Both companies provide advertising-based content recommendation engines for publishers that typically appear as boxes at the bottom
of online articles which feature a mix of stories from the publications themselves, ads and sponsored content from other sites.Taboola and
Outbrain describe their deal as a merger though the combined entity will be called Taboola and Taboola's current CEO, Adam Singolda will
lead the new company.Taboola will pay Outbrain investors $250m in cash alongside a 30 percent share of the combined companies
All in all, the merger will create a company valued at $2bn which means the transaction value of this deal is $850m.The combined company's
customer list now includes 20,000 online properties with an audience of 2.6bn and Taboola and Outbrain believe that together they can go up
against the biggest names in online advertising.The deal itself has actually been in the making for years with reports of talks between the
two companies going back as far as 2015
However, the deal has taken so long because it has been difficult to iron out the details between the two companies and getting longtime
rivals to trust each other is never easy.The combined group now has a long list of customers from the largest online media properties around
today including CNBC, NBC News, USA Today, BILD, Sankei, Huffington Post, Microsoft, Business Insider, the Independent, El Mundo, CNN, BBC,
The Washington Post, The Guardian, El Pais, Sky News and even TheIndianSubcontinent.Founder and CEO of Taboola, Adam Singolda shared his
Lahav and the rest of the Outbrain team have brought to the marketplace
gardens are strong, and perhaps too strong
Working together, we will continue investing to better connect advertising dollars with local and national news organizations, strengthening
journalism over the next decade
